TAVMATitle and Appraisal Vendor Management Association (Moon Township, PA)
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Just not so, according to a couple of TAVMA membership surveys.
The other TAVMA survey found that not only does the typical AMC-hired appraiser have more than 15 years of experience, but the vast majority of those appraisers hold the higher, certified-level credentials.
According to TAVMA, about two-thirds of all residential appraisals now go through AMCs.
On March 11, TAVMA released results of a survey showing that on average, an appraiser working with a major AMC has more than 15 years of experience appraising residential properties.
The survey also found that the vast majority of appraisers used by TAVMA members are "certified" appraisers.
A release announcing the findings noted that AMCs currently provide roughly two-thirds of all residential appraisals used in the mortgage industry, with TAVMA's members accounting for more than 80 percent of this volume.
"I think HUD recognizes that your industry is already bundling," Schulman told TAVMA members.